Saturday, September 8, 2012

He
Said:John Hofmeister, the former
chief of U.S. operations for Shell "Unless something seriously changes in
the next five years, we'll be standing in gas lines because there won't be
enough oil to go around."

Pump Priming:Not that the Chinese economy is in any trouble or anything, but just in
case the government is going to build over 2,000 kilometers of new roads,
finance 9 new sewage-treatment plants, five port and warehouse projects, and a
partridge in a pear tree.Coincidentally,
Chinese steel mills lostnearly 2
billion yuan (over $300 million) in July as orders fell.No mill slow-downs, much less closings, are
scheduled because local governments subsidize them to ensure
continued employment and to prop up the local economies.Funny, they don't look Kensyian.

Unexpectedly:The US generated less than 100,000 new jobs in August (96,000), down
from July's initially claimed 163,000 (shrunk now to 143,000). About 15,000
more manufacturing jobs were lost, strayed or stolen and the employment
participation rate dropped to 63.5% - it's lowest point in over 30 years.

Hidden Treasure:In endorsing the Bowles/Simpson Cat Food Commission's
recommendations,President Obama has
endorsed cuttingSocial Security
payments by 3% (through mucking with the COLA formula) and pushing the
retirement age to 69.Of course he
didn't point out that's what 'deficit reduction' means, but it is.

Dry Spell:Citigroup's Heidy Rehman, who missed the memo on the shale oil and gas
cornucopia and sounds just like one of those delusional peak oilers, says Saudi
Arabia will stop exporting oil by 2030 – mainly because their internal
consumption is rising quickly – at 9% a year – while their experienced oil
fields continue their slow but inevitable decline.And the other Arab oil states face the same
future.As do we all.

Well at least it wasn't Kenyan, there has been too much of that nonsense of late. Personally, I'd have more of a problem with Evangelical Pentacostal, or AME, but they are more concerned for the muslin infiltration that will threaten our precious way of worship and fabric, and you know how they get.

Our Motto

Keep fightin' for freedom and justice, beloveds, but don't you forget to have fun doin' it. Lord, let your laughter ring forth. Be outrageous, ridicule the fraidy-cats, rejoice in all the oddities that freedom can produce. And when you get through kickin' ass and celebratin' the sheer joy of a good fight, be sure to tell those who come after how much fun it was.